Security National Financial (NASDAQ:SNFCA) Share Price Passes Above Fifty Day Moving Average – Here’s Why

Shares of Security National Financial Corporation (NASDAQ:SNFCA) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $9.56 and traded as high as $9.62. Security National Financial shares last traded at $9.37, with a volume of 28,146 shares traded.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on SNFCA shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Security National Financial in a research note on Monday, April 27th. Wall Street Zen downgraded Security National Financial from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Security National Financial Stock Performance

The firm has a market cap of $243.81 million, a price-to-earnings ratio of 6.89 and a beta of 0.72. The business has a fifty day moving average of $9.56 and a two-hundred day moving average of $9.07.

Security National Financial (NASDAQ:SNFCA) last released its quarterly earnings results on Monday, May 11th. The credit services provider reported $0.27 earnings per share for the quarter. The business had revenue of $79.73 million for the quarter. Security National Financial had a return on equity of 8.95% and a net margin of 10.19%.

Insider Buying and Selling at Security National Financial

In related news, Director Gilbert A. Fuller sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 7th. The stock was sold at an average price of $9.45, for a total value of $94,500.00. Following the sale, the director owned 31,973 shares in the company, valued at $302,144.85. This represents a 23.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 15.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Security National Financial

A number of institutional investors and hedge funds have recently modified their holdings of SNFCA. BNP Paribas Financial Markets grew its holdings in shares of Security National Financial by 306.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,831 shares of the credit services provider’s stock worth $28,000 after acquiring an additional 2,135 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in Security National Financial during the 3rd quarter valued at $32,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Security National Financial during the 2nd quarter valued at $79,000. MetLife Investment Management LLC acquired a new stake in Security National Financial during the 4th quarter valued at $85,000. Finally, New York State Common Retirement Fund acquired a new stake in Security National Financial during the 2nd quarter valued at $104,000. Institutional investors and hedge funds own 45.58% of the company’s stock.

About Security National Financial

Security National Financial Corp. is a diversified provider of mortgage lending, settlement and technology services under the NASDAQ ticker SNFCA. Through its primary subsidiaries—Security National Mortgage Company and Titan Lenders Corp—the company originates and funds residential mortgage loans across retail, wholesale and correspondent channels. Its platform supports a full range of loan products, including conventional, government-insured and jumbo financing tailored to homebuyers and investors.

Established in 1989, Security National Mortgage Company operates a nationwide branch network in all 50 states, offering local origination backed by centralized underwriting and closing services.